| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MED-PAY, INC.5 Filed as: MED-PAY, INC | 1650 E.BATTLEFIELD SPRINGFIELD, MO 65804 | GERBER LIFE INSURANCE COMPANY | $14K | — | $14K | 13.63% |
| MED-PAY, INC.5 Filed as: MED-PAY, INC | 1650 E.BATTLEFIELD SPRINGFIELD, MO 65804 | GERBER LIFE INSURANCE COMPANY | $13K | — | $13K | 13.64% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| SHARP, INC EIN 71-0745842 PPO ADMINISTRATOR | Claims processing Service code 12 | — | $4K |
| MED-PAY, INC EIN 43-1318969 3RD PARTY ADMINISTRATOR | Claims processing Service code 12 | — | $2K |
| PREFERRED COMMUNITY CHOICE EIN 73-1451360 PPO ADMINISTRATOR | Claims processing Service code 12 | — | $687 |
| ARKANSAS MANAGED CARE ORGANIZATION EIN 71-0792653 PPO ADMINISTRATOR | Claims processing Service code 12 | — | $452 |
Benefits declared on the Form 5500 main form (✓ = also has a Schedule A insurance contract; otherwise the benefit is funded out of plan assets or via a Schedule C TPA).
The plan reports several different headcounts depending on which form you read. Each one measures a different slice of the population.
| Active participants | 128 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 128 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts) | GERBER LIFE INSURANCE COMPANY | 128 | $197K |
| Stop-loss / reinsurancereinsurance(2 contracts) | GERBER LIFE INSURANCE COMPANY | 128 | $197K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 128 | — |
Why the numbers differ. Form 5500 line 6 counts employees + retirees + beneficiaries; no dependents. Schedule A persons-covered counts everyone enrolled, including spouses and children, so it usually exceeds line 6 by 30-60% on a working-age workforce. The medical row is normally the broadest single line because it has the highest take-up; dental/vision/life often dip below it. Stop-loss / reinsurance contracts sometimes report the carrier's full underwriting pool rather than this filer's headcount; the row is shown for transparency but shouldn't be read as "people in this plan."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.